Overview
In Providence, North Carolina, installing solar panels on your home can lead to significant financial savings over time. By analyzing the local weather data and electricity costs, we will show you how a solar system can help you break even and start saving money. With ample sunshine, low cloud cover, and high UV ratings, Providence is an ideal location for harnessing solar energy to power your home and reduce your electricity bills. Let’s take a closer look at the numbers and see how going solar can benefit you financially in the long run.
Providence North Carolina Weather Trends
Providence Precipitation
With Providence, North Carolina receiving 57.44 inches of precipitation in the last year, you can see that it falls in the 65th percentile in the nation and the 11th percentile in North Carolina. Compared to the national average of 50.61 inches, Providence gets more rainfall, which can benefit your solar panels by helping keep them clean and operating efficiently.
Providence’s UV Rating
Providence boasts an average UV rating of 4.66, ranking it in the 69th percentile nationally and the 34th percentile in North Carolina. This means you have abundant sunshine to power your solar panels efficiently. With an average max UV rating of 5.03, Providence is in a great position to harness solar energy all year round, making it a financially savvy choice for your home.
Providence’s Cloud Cover
Having an average of 42% cloud cover in Providence, North Carolina places it in the 37th percentile in the nation and the 60th percentile in North Carolina. With a lower cloud cover percentage compared to the national average of 44.46%, you can expect more clear days for optimal solar energy production. With 116 days having between 0% and 25% cloud cover, you have plenty of opportunities to generate solar power efficiently.
Providence North Carolina Electricity Costs
Providence residents enjoy a low electricity cost of about $0.1 per kilowatt-hour, which is lower than both the national average of $0.13/kw and North Carolina’s average of $0.12/kw. By investing in solar panels, you can significantly reduce your electricity bills and potentially even sell excess energy back to the grid, providing a financial incentive for making the switch to solar power.
When could you expect to break even on a solar installation in Providence North Carolina?
Considering the weather and electricity costs in Providence, North Carolina, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Providence, North Carolina receives slightly more precipitation than the national average, but it still gets enough sunshine for solar panels to be effective.
- The UV ratings in Providence are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Providence is slightly lower than the national average, with variations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Providence, North Carolina pay slightly less for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, which means less electricity needs to be purchased from the grid.
- Due to the slightly lower electricity costs in Providence, the savings may take longer to cover the initial cost of the solar panels compared to other locations.
After analyzing the data, it appears that it may take around 7-10 years to cover the initial cost of the solar panels in Providence, North Carolina. Once this initial period is over, the savings on electricity bills will accumulate, making it a worthwhile investment over the long term. Plus, with solar panels lasting up to 30 years, the benefits will continue well into the future. It’s both a financially and environmentally sound decision!
Investing in solar power in Providence North Carolina
Installing solar panels in Providence, North Carolina can be a smart financial choice for homeowners. With favorable weather conditions including ample sunshine, low cloud cover, and high UV ratings, solar panels can effectively generate electricity and help reduce electricity bills. Considering the lower electricity costs in Providence, residents can expect to break even on their solar panel investment in 7-10 years. Beyond that, the savings will continue to accumulate, making solar power a beneficial and sustainable long-term investment for both your wallet and the environment.